Oppenheimer & Co. Inc. Has $3,918,000 Stake in Mosaic Co. (MOS)
Oppenheimer & Co. Inc. boosted its stake in Mosaic Co. (NYSE:MOS) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,184 shares of the company’s stock after buying an additional 18,074 shares during the period. Oppenheimer & Co. Inc.’s holdings in Mosaic were worth $3,918,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp increased its position in Mosaic by 127.4% in the second quarter. Synovus Financial Corp now owns 4,128 shares of the company’s stock valued at $107,000 after buying an additional 2,313 shares during the period. Seven Eight Capital LLC increased its position in Mosaic by 27.2% in the first quarter. Seven Eight Capital LLC now owns 4,209 shares of the company’s stock valued at $114,000 after buying an additional 900 shares during the period. Mizuho Asset Management Co. Ltd. increased its position in Mosaic by 139.6% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,668 shares of the company’s stock valued at $122,000 after buying an additional 2,720 shares during the period. Exane Derivatives purchased a new position in Mosaic during the second quarter valued at $126,000. Finally, Quantbot Technologies LP purchased a new position in Mosaic during the third quarter valued at $144,000. 90.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mosaic Co. (NYSE:MOS) traded down 0.04% during trading on Tuesday, reaching $27.06. 5,492,925 shares of the company were exchanged. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 21.56 and a beta of 1.25. The company has a 50 day moving average price of $25.52 and a 200-day moving average price of $26.51. Mosaic Co. has a one year low of $22.02 and a one year high of $32.26.
Mosaic (NYSE:MOS) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.23. Mosaic had a return on equity of 3.78% and a net margin of 5.91%. The firm earned $1.95 billion during the quarter, compared to the consensus estimate of $1.92 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The business’s revenue was down 5.0% on a year-over-year basis. Equities analysts predict that Mosaic Co. will post $0.73 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, November 29th. Mosaic’s dividend payout ratio (DPR) is currently 88.00%.
Several research analysts have recently weighed in on MOS shares. Zacks Investment Research raised shares of Mosaic from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research report on Tuesday, November 8th. BMO Capital Markets restated a “hold” rating and set a $23.00 price target on shares of Mosaic in a report on Wednesday, August 3rd. JPMorgan Chase & Co. set a $24.00 price target on shares of Mosaic and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Susquehanna cut shares of Mosaic from a “positive” rating to a “neutral” rating and decreased their price target for the stock from $30.00 to $28.00 in a report on Wednesday, August 17th. Finally, Citigroup Inc. raised their price target on shares of Mosaic from $26.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Nine analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $26.03.
Mosaic Company Profile
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company’s segments include Phosphates, Potash and International Distribution. Its Phosphates Segment sells phosphate-based crop nutrients and animal feed ingredients throughout North America and internationally.
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